Security National Trust Co. increased its position in AT&T Inc. (NYSE:T) by 4.5% during the third quarter, Holdings Channel reports. The firm owned 107,664 shares of the company’s stock after buying an additional 4,667 shares during the period. AT&T makes up 1.6% of Security National Trust Co.’s portfolio, making the stock its 13th largest position. Security National Trust Co.’s holdings in AT&T were worth $4,372,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Dearborn Partners LLC increased its stake in shares of AT&T by 2.9% in the third quarter. Dearborn Partners LLC now owns 592,322 shares of the company’s stock worth $24,054,000 after buying an additional 16,561 shares during the period. IFC Holdings Incorporated FL increased its stake in shares of AT&T by 17.0% in the third quarter. IFC Holdings Incorporated FL now owns 156,264 shares of the company’s stock worth $6,333,000 after buying an additional 22,762 shares during the period. Iowa State Bank increased its stake in shares of AT&T by 1.3% in the third quarter. Iowa State Bank now owns 114,917 shares of the company’s stock worth $4,667,000 after buying an additional 1,500 shares during the period. Brouwer & Janachowski LLC bought a new stake in shares of AT&T during the third quarter worth about $273,000. Finally, Murphy Capital Management Inc. increased its stake in shares of AT&T by 1.7% in the third quarter. Murphy Capital Management Inc. now owns 191,620 shares of the company’s stock worth $7,781,000 after buying an additional 3,210 shares during the period. 53.97% of the stock is owned by institutional investors and hedge funds.
Shares of AT&T Inc. (NYSE:T) traded up 1.24% during midday trading on Friday, hitting $39.21. The stock had a trading volume of 10,844,449 shares. The stock has a 50 day moving average of $37.67 and a 200-day moving average of $40.24. AT&T Inc. has a one year low of $33.01 and a one year high of $43.89. The company has a market cap of $240.79 billion, a P/E ratio of 16.68 and a beta of 0.35.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, October 10th were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, October 5th. This represents a $1.92 annualized dividend and a yield of 4.90%. AT&T’s dividend payout ratio is presently 81.70%.
A number of brokerages have issued reports on T. Vetr downgraded AT&T from a “buy” rating to a “hold” rating and set a $39.81 target price for the company. in a research note on Tuesday. Deutsche Bank AG cut their target price on AT&T from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, November 14th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of AT&T in a research report on Tuesday, November 8th. Credit Suisse Group AG reissued a “buy” rating and set a $47.00 price objective on shares of AT&T in a research report on Monday, November 7th. Finally, Independent Research GmbH raised AT&T from a “sell” rating to a “hold” rating and raised their price objective for the stock from $36.00 to $39.00 in a research report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. AT&T has a consensus rating of “Hold” and a consensus target price of $41.24.
In other news, Director Geoffrey Y. Yang bought 27,129 shares of AT&T stock in a transaction on Tuesday, October 25th. The shares were bought at an average price of $36.91 per share, with a total value of $1,001,331.39. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.07% of the company’s stock.
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.